EFCC Recovers N794bn, $261mn in 3 Years- Magu News

EFCC

EFCC Recovers N794bn, $261mn in 3 Years-
Magu
by Ibrahim Magu Ag. Chairman, EFCC at 3rd Anniversary Press
Briefing Held at EFCC Head Office, Abuja, November 12,
2018
It is my pleasure to welcome you all to this very important
occasion to mark the third year of my being at the helm of the
Economic and Financial Crimes Commission, EFCC, leading the
Commission’s charge against corruption.

It seems like yesterday, when President Muhammadu Buhari,
graciously appointed me to Chair the EFCC and preside over the
affairs of this very professional institution. You will all
remember that I assumed office as the acting Chairman of the EFCC,
on November 11, 2015.

For me, it was an auspicious opportunity to contribute my quota
to Mr. President’s vision of a corruption-free nation.

The opportunity to fully subscribe to President Buhari’s mantra
to “kill corruption before it kills us”, was for me, the highest
call to duty – one that required absolute commitment and
passion.

Indeed, the task of fighting corruption in Nigeria has never
been, is not and can never be an easy one. The battle to make our
dear country a place where foreign investors will be confident to
invest in is, without doubt, one that must be fought by all
Nigerians who love this country, if we are to make any appreciable
progress.

Perhaps, it is fair to describe the task of championing the
anti-corruption crusade as one of the most difficult jobs in the
world, because corruption always fights back viciously on many
fronts. I have experienced this first-hand.

Recall the many battles we have fought over the past three
years: recall the monumental challenges that the corrupt people and
those who aid and abet them have placed on our path; recall that
during this period, armed men attacked and strangled a police man
on guard duty at my farmhouse.

Recall also that across the country, EFCC offices and officers
including operatives, lawyers and media personnel have been
physically attacked in the course of the discharge of our
duties.
Then also, recall the unprecedented vilification we have endured,
for the simple reason that we answered the national call to
service.

Notwithstanding all that, we can still say that overall, for us
as an anti-graft agency, it has been, so far, so good. The past
three years have been very eventful, and in spite of the obstacles,
we have consistently made progress in the areas of convictions, and
particularly the recovery of assets stolen from our
commonwealth.

In May and June this year, our resolute anti-corruption stance
and determination saw us secure the convictions of two former
governors, who both bagged 14 years jail terms each. It is on
record that such an achievement is unprecedented in the fight
against corruption over the last three years.

The EFCC under my leadership also secured the conviction of a
Senior Advocate of Nigeria (SAN), for perverting the course of
justice.

CONVICTIONS FROM 2015 – 2018
In the three years that I have been in charge of EFCC, we have
secured 703 convictions. The breakdown is as follows: 103
convictions in 2015, 194 convictions in 2016; 189 in 2017 and 217
from January 2018 till date.

ASSETS RECOVERIES FROM 2015- 2018
In the past three years, we have set recovery records to the envy
of virtually all law enforcement agencies in Africa.
It is on record that about 90% of all recoveries in Nigeria is
through the EFCC.
Following court orders which granted our prayers for interim and
final forfeiture of looted funds, the recoveries under my watch
between November 2015 and today are as follows:
Over N794billion (Seven Hundred and Ninety Four Billion)
recovered.
Over $261million (Two Hundred and Sixty One Million,) has been
recovered.

The Pounds Sterling recovered stands at 1, 115, 930.47 Pounds
(One Million, One Hundred and Fifteen Thousand, Nine Hundred and
Thirty Pounds Forty Seven Pence).

The Euros recovered in the period is: 8, 168, 871. 13 Euros
(Eight Million, One Hundred and Sixty Eight Thousand, Eight Hundred
and Seventy One Euros, Thirteen Euro Cents).

There is also the sum of 86, 500 CFA (Eighty Six Thousand Five
Hundred CFA Franc).

Hundreds of properties such as filling stations, petroleum
products, land, jewellery, automobiles, real estate, vessels,
hospitals, company shares and heavy machinery and broadcast
equipment have been seized from corrupt elements between 2015 and
2018.

From 2015 to 2018, 407 mansions were seized, 126 have been
forfeited finally and 281 are under interim forfeiture.

Nine filling stations were seized and placed under interim
forfeiture.

Lands seized sums up to 98 of which 56 are under interim
forfeiture, while 42 have been forfeited finally to the Federal
Government.

Two hundred and fifty nine (259) automobiles have been seized,
35 are under interim forfeiture while 224 have been forfeited
finally.

A hospital, St. Solomon Health Care Centre located at No. 24,
Adeniyi Jones Street, Ikeja, Lagos, has also been forfeited
finally. In 2016, 1500 metric tonnes of AGO and 3,035 Metric tonnes
of LPFO were forfeited finally.

Also, Base Transceiver Station (BTS) equipments in 36 sites
across five Eastern States were forfeited finally on orders of
court.

A host of other machinery/equipments have been seized on interim
basis, while we have obtained final forfeiture orders in respect of
others. Jewellery worth millions of naira have been seized and are
under interim forfeiture.

COMPLETION OF THE NEW EFCC HEAD OFFICE BUILDING
Some of you who have covered the Commission since 2003 would know
that one of the most daunting challenges we have been facing in the
EFCC is that of office accommodation.

In Abuja, we had our staff scattered over several offices, with
the attendant problems of huge rental costs and security of men and
sensitive documents and equipment.

On my appointment, I set as one of my goals, ensuring the
completion of the new Head Office Complex of the Commission, which
had been under construction since 2011. I made sure that I focused
local and international attention on the project and sought help
from the Executive and the National Assembly.

I was therefore the happiest person in the world, when President
Muhammadu Buhari commissioned this edifice on 15th May, 2018, a
world-class and functional architectural masterpiece, the new head
office of the EFCC. It was not only Nigeria or Africa that took
notice. In faraway Sri Lanka, during the meeting of Heads of
Anti-Corruption Agencies, the new EFCC head office was described as
the world’s best building housing an anti-graft agency.

8TH REGIONAL CONFERENCE OF HEADS OF ANTI-CORRUPTION AGENCIES IN
COMMONWEALTH AFRICA
Also in May 2018, the EFCC successfully hosted the 8th Commonwealth
Regional Conference of Heads of Anti-Corruption Agencies in
Africa.

The Conference, which provided a platform for re-jigging the
continent’s corruption fight, had in attendance international
figures including Thabo Mbeki, former South African president; The
Rt. Hon. Patricia Scotland, Secretary General of the
Commonwealth.

Also in attendance were former Heads of State, Gen. Yakubu Gowon
(retd) and Gen. Abdulsalami Abubakar (retd.) and Nigeria’s literary
icon and social justice crusader, Professor Wole Soyinka, among
several others dignitaries.

Following the success of the conference, and in view of the
Commission’s landmark achievements, I was appointed Chairman of the
Conference.

CONVOCATION OF NEW EAGLES
In order to close the gap in the dearth of middle-cadre officers in
the Commission, I sought and obtained the approval of Mr. President
to engage in massive recruitment exercise across all cadres of the
Commission.

The new officers of the Commission, who are in the Detective
Superintendent, Detective Inspector and Detective Assistant cadres,
were trained with the best of facilities at the Nigerian Defence
Academy, Kaduna.

EXPANSION OF OPERATIONAL BASE
In the last three years, we have vigorously pursued the expansion
of our operational offices. In the period, we created four offices
to bring our operations closer to the people. The new zonal offices
are located in Ibadan, Oyo State; Kaduna, Kaduna State; Benin, Edo
State and Uyo in Akwa Ibom State.

In order to intensify the fight against corruption, efforts are
being made to secure land for permanent Zonal offices, with varying
degrees of positive results. So far, the Executive Governors of
Edo, Gombe and Kaduna States have released large expanses of land
for the EFCC Offices in these states. We are at the verge of
commissioning two additional offices in Sokoto and Makurdi. Only
recently, the Nasarawa State government magnanimously gave us 50
hectares of land for the construction of the Commission’s Training
Institute/Academy.

CREATION OF NEW SECTIONS/UNIT
Fully conscious of the growing sophistication of economic crimes,
the existing Operational architecture was reviewed and new units
were created to address emerging challenges. The new units created
are:
i) The Procurement Fraud Section,
ii) Foreign Exchange Malpractices Investigation Section,
iii) Capital Market and Insurance Fraud Section,
iv) Cyber Crime Section
v) Forensic/Financial Investigation Section
vi) Tax Fraud Section, and
vii) Creative Communications Unit.

FORENSIC DIRECTORATE
The EFCC’s Forensic Directorate has in the period under review,
witnessed a dramatic turnaround, placing the unit at par with those
of international law enforcement agencies. Indeed, there was a
conscientious effort on my part to make the Forensic Directorate a
reference point for other sister agencies not only in Nigeria, but
across the world.

These efforts have yielded amazing results. I make bold to say
that on the African continent, no other law enforcement agency can
boast of the facilities that we have at the EFCC.

INTERNATIONAL PARTNERSHIPS AND COLLABORATION
During my tenure, based on the rigorous efforts of the EFCC to curb
corruption, international law enforcement agencies now have renewed
confidence and trust in us. This is evident in a number of
partnerships, understanding and agreements that have aided
Nigeria’s anti-corruption fight beyond the shores of this
country.

Ladies and Gentlemen, I am the first to recognize and
acknowledge the fact that notwithstanding our many achievements and
successes in the past three years, there is still a lot to be done
at the national and international theatres of the war against
corruption. Therefore, we will not rest on our oars.

As I have always said, we do not have the monopoly of knowledge,
and the fight against corruption should not be left to the EFCC
alone. I am therefore, using this opportunity to again call on all
Nigerians – both at home and in the Diaspora, to join hands with
the EFCC in this task of fighting corruption.

Once again, let me crave your indulgence to seize this
opportunity to thank President Muhammadu Buhari for the opportunity
to serve in this capacity, and to reaffirm my commitment to his
vision to fight corruption to a standstill. I also wish to thank
Mr. President for providing us with the enabling environment and
the political will to see us through the discharge of this onerous
assignment.

We would also like to extend our gratitude to the Vice
President, Professor Yemi Osinbajo, members of the executive
council, the judiciary, members of the National Assembly, other
sister law enforcement agencies, the civil society, all other
stakeholders and Nigerians in general for their continued support
and for believing in us.

I wish to also pay deserved tributes to the patriotic and
hardworking officers and men of the EFCC, who are daily making the
required sacrifices to ensure that we kill corruption before it
kills us.

And to you the media, I say thank you for pitching your tent
with us over the years. We owe a lot to your critical support.

I wish to declare in closing, that the war has only just begun
against the corrupt and in this war for our lives, there will be no
retreat, no surrender!

Ibrahim Magu
Ag. Chairman EFCC
Abuja